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PNX FINANCE

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Operating status: SCAM

Website: https://pnxfinance.com/

Broker violations and abnormal records
  • 2024-01-04 BrokersView has reviewed that PNX FINANCE is an unregulated broker

    PNX FINANCE claims to be headquartered in the US and have a global reach with branches in key financial hubs. However, this platform does not provide any specific information regarding its regulatory status in these countries and regions. This lack of transparency raises concerns and suggests a potential fraud scheme.

    In order to be considered a legitimate broker in the US, PNX FINANCE would need to be a member of the National Futures Association (NFA). However, PNX FINANCE is not a member of this regulatory body and is therefore not subject to its oversight.

    In essence, PNX FINANCE is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.

    PNX FINANCE appears to be a scam.

    PNX FINANCE claims to be headquartered in the US and have a global reach with branches in key financial hubs. However, this platform does not provide any specific information regarding its regulatory status in these countries and regions. This lack of transparency raises concerns and suggests a potential fraud scheme.In order to be considered a legitimate broker in the US, PNX FINANCE would need to be a member of the National Futures Association (NFA). However, PNX FINANCE is not a member of this regulatory body and is therefore not subject to its oversight.In essence, PNX FINANCE is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds.PNX FINANCE appears to be a scam.

Related Complaints

Q&A Complaints

Can I withdraw full balance from my account of PNX FINANCE?

May Williams-Green
Tanzania
2024-01-12
ANSWER PNX FINANCE, upon our investigation, is not licensed. Meanwhile, this trading platform has been reported as a scam by multiple users who have been unable to withdraw funds from their accounts.PNX FINANCE, claiming to be US-based with global branches, lacks specific regulatory status information for these locations, suggesting possible fraud due to this opacity. To be a legitimate US broker, membership in the National Futures Association (NFA) is required, which PNX FINANCE lacks, meaning it's not under NFA oversight.As such, PNX FINANCE poses significant risks to investors. We strongly suggest traders stay away from it to avoid falling victim to fraud and identity theft. Remember, it's important to research thoroughly before investing money online. It is recommended opting for fully regulated brokers with solid reputations for a safer trading experience.
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1 comments

Celso
The company PNX Finance really seems like a fraud, there are several reports of people who added money and were unable to withdraw. I would like to ask something, can no authority do anything about PNX carrying out an illegal act and taking investors' money? How should investors report PNX Finance?
2024-01-20
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